HughGRection
Short

Retraced to 0.382 Fib with RSI divergence

FX:GBPUSD   British Pound / U.S. Dollar
224 1 2
The GBP/USD             has finally reached an ideal level to short from after retracing to the 0.382 Fib line. Technically, the RSI divergence reinforces this scenario. Fundamentally, the GBP shouldn't have the same support the EUR has had the past few days from yield chasing. Keeping the stop tight, but it's statistically worth staying in with a downside of sub 1.50 in sight. Tuesday's stacked docket could provide the catalyst needed for the move.
Didn't specify on this one, but I like the short from the 1.54 range.
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